South Korea Producer Prices Sink 0.5% In January

(RTTNews) - Producer prices in South Korea were down a seasonally adjusted 0.5 percent on month in January, the Bank of Korea on Wednesday.

That was higher than expectations for an increase of 0.3 percent following the 0.1 percent gain in December.

Individually, prices for agriculture, forestry and marine products jumped 3.8 percent on month, while utilities rose 1.0 percent, services added 0.6 percent and manufacturing products were up 0.1 percent.

On a yearly basis, producer prices climbed 1.3 percent - in line with forecasts and up from 1.2 percent in the previous month.